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🚀 AUDUSD grows ahead of important reports this week On Friday, the Australian dollar (AUD) increased by 0.21% in anticipation of Wednesday's Australian monthly Consumer Price Index (CPI) report and Friday's U.S. nonfarm payroll report this week. 👉 Possible effects for traders Data on November CPI will help to refine predictions for Q4 2024, which could be critical in determining whether the Reserve Bank of Australia (RBA) will lower interest rates in February. According to a Reuters survey of economists, headline inflation is expected to increase towards 2.3% annually in November, compared to 2.1% in the previous month. ‘Markets may react strongly to higher headline figures, especially after the recent jobs report’, said Stephen Wu, senior economist at the Commonwealth Bank of Australia. However, he notes that the RBA will mostly focus on underlying inflation data. Wu projects that the closely monitored trimmed mean measure would be at a quarterly rate of 0.6%, below the RBA's forecast. Currently, markets are pricing in a 55% probability that the RBA will reduce its cash rate in February, with almost a 100% chance of a 25-basis-point (bps) rate cut by April. By the end of 2025, Australian interest rates are projected to be approximately 3.55%, compared to 3.95% expected from the Federal Reserve. The market awaits more Australian economic data to understand the interest rate path. The Retail Sales report will be released on Thursday, and economists anticipate a substantial increase of 0.9% in November, which can be attributed to Black Friday sales. However, it's unclear if the expected increase indicates a sustainable recovery in consumer demand. AUDUSD was rising during Asian and early European trading hours. Tomorrow, market participants will be closely monitoring the U.S. ISM Services Purchasing Managers' Index (PMI) data report, coming out at 3:00 p.m. UTC. A higher-than-expected number should be taken as negative for the AUDUSD, while lower data may support the pair and continue the recent bullish correction. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

USDJPY, 15-minute timeframe chart USDJPY broke the resistance level of 157.700 👉General outlook USDJPY has been under buying pressure within the last day. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 157.786. Set your stop loss at 157.376 below the previous low ($4.10 loss for 0.01 lot) and take profit at 158.196 ($4.10 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

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USDCAD, 15-minute timeframe chart USDCAD retested the resistance level of 1.44000 👉Level explanation USDCAD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 1.44000. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 1.43990. Set your stop loss at 1.44140 above the previous high ($1.04 loss for 0.01 lot) and take profit at 1.43840 ($1.04 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. Some traders may close their positions on Friday, which can add more pressure to the market. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

XAUUSD, 30-minute timeframe chart XAUUSD retested the resistance level of 2,658.00 👉Level explanation XAUUSD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 2,658.00. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 2,658.00. Set your stop loss at 2,665.00 above the previous high ($7.00 loss for 0.01 lot) and take profit at 2,647.00 ($11.00 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.57. The upcoming news will not influence your orders within the mentioned period. Some traders may close their positions on Friday, which can add more pressure to the market. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

Kickstart the New Year with expert insights and real-time market analysis. Our live trading sessions are designed to help you make informed trading decisions while exploring January’s market opportunities. 📅 Mark your calendar for these live sessions: 9 January, 12 noon UTC—News trading with Vito Henjoto 14 January, 1 p.m. UTC—advanced live trading with Kar Yong Ang 23 January, 5 p.m. UTC—live trading with Tunmise Olaoluwa 28 January, 1 p.m. UTC—advanced live trading with Kar Yong Ang 30 January, 5 p.m. UTC—live trading with Tunmise Olaoluwa 💻 Where to join? All sessions will be streamed live on our YouTube—the link’s in bio. ✅ Why attend? Gain actionable insights from market experts. Ask your questions live and get instant answers. Learn how to adapt your strategy to market events. Don’t miss out on these sessions! Share the schedule with your trading friends and prepare to elevate your trading game this January. #LiveTrading #trading101 #ForexTips #forexforbeginners #TradingEducation

🚀 Gold rises towards $2,660 Yesterday, gold (XAU) rose by 1.32%, continuing an upward trend that started at the end of December. 👉 Possible effects for traders Meanwhile, the U.S. Dollar Index (DXY) hit a new multi-year high of 109.530 on Thursday, limiting the potential gold gains. At recent Federal Reserve (Fed) meetings, the central bank indicated it would lower interest rates less aggressively than anticipated. This suggests a shift towards a more restrictive monetary policy. The more hawkish stance is driven by uncertainties surrounding the economic policies of the incoming Donald Trump administration. According to several sources quoted by Axios, U.S. President Joe Biden has discussed the possibility of a military attack on Iran's nuclear facilities in case of unforeseeable circumstances. The U.S. is concerned that Iran could make significant progress in its nuclear program before Donald Trump's inauguration on 20 January, during the transition between administrations. Thus, geopolitical tensions are the main factor driving gold prices upwards. Following last year's significant XAUUSD growth, increased gold demand is expected further in 2025. During the Asian trading session today, XAUUSD was moving within a narrow range. The price rose yesterday and hit the resistance level of $2,660, so now XAUUSD may correct towards the support level of $2,640. Today, the U.S. ISM Manufacturing Purchasing Managers' Index (PMI) report will come out at 3:00 p.m. UTC. A higher-than-expected figure may put downward pressure on gold, while weaker data may support XAUUSD upward trend. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

⬇️ The euro remains under strong bearish pressure The euro (EUR) declined by 0.86% on Thursday, reaching levels last seen in November 2022. Simultaneously, the U.S. (USD) dollar had its strongest week in a while due to the anticipation of fewer interest rate cuts this year and a strong U.S. economy. 👉 Possible effects for traders The U.S. dollar started the new year on a positive note, reaching a two-year high against a basket of currencies at 109.530 on Thursday. The rise is a result of a strong rally from the previous year, fuelled by a more hawkish stance of the Federal Reserve (Fed) and the strong U.S. economy. Charu Chanana, chief investment strategist at Saxo Bank, believes that this strength of the U.S. dollar will likely continue in the early months of 2025 due to the uniqueness of the U.S. situation and the high interest rates in the country. The uncertainty around the incoming Trump administration's policies also enhances the U.S. dollar's appeal as a safe haven asset. Markets cautiously approach the upcoming inauguration of Donald Trump as President on 20 January, given his potential plans for imposing import tariffs, tax reductions, and immigration restrictions. Meanwhile, the euro has been weakening significantly against the strengthening U.S. dollar. ‘For the eurozone, there could be direct impacts from higher trade barriers on its economies. However, perhaps even more significantly, higher tariffs imposed on China would also contribute to the weakening of the euro’, stated Kyle Rodda, a senior financial analyst at Capital.com. EURUSD was moving within the 1.02500–1.02750 range during Asian and early European trading hours. Today, the U.S. ISM Manufacturing Purchasing Managers' Index (PMI) report will be released at 3:00 p.m. UTC. A higher-than-expected number may trigger another bearish momentum in EURUSD, while softer data may slow the downward trend. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

🚀 BTC rises despite record outflows from Bitcoin ETF Bitcoin (BTC) rose yesterday, gaining 2.67%. The iShares Bitcoin Trust (IBIT), managed by BlackRock, has experienced its largest daily outflow since its launch in 2024. Meanwhile, Binance has received its 21st regulatory approval worldwide in Brazil. 👉 Possible effects for traders Bitcoin investors have withdrawn funds from the iShares Bitcoin Trust by BlackRock, marking a significant outflow from the fund. According to Thomas Fahrer, CEO of Apollo—a cryptocurrency market insights platform, the outflow amounted to over $330 million, equivalent to over 3,500 Bitcoins. The outflow follows the market closure on the New Year's holiday and marks the third consecutive day of withdrawals for the BTC investment product. Over the past week, there has been an outflow of nearly $400 million from the fund. Meanwhile, Binance has achieved a significant milestone in adopting cryptocurrencies in Latin America, with approval from the Brazilian central bank. The largest cryptocurrency exchange has been granted the status of a licensed broker, making it the first exchange to obtain this license in Brazil. This approval allows Binance to partner with Sim Paul, an investment platform based in São Paulo, licensed as a broker-dealer and authorised to distribute securities and issue electronic money. This partnership will allow Binance to provide its services to Brazilian users and investors. Binance's latest regulatory approval came after it had obtained licenses in other countries such as Argentina, India, Kazakhstan, and Indonesia. These licenses demonstrate the company's commitment to complying with regulations and operating within the legal framework of each country. BTCUSD has been trading sideways during Asian and early European trading hours. Today, the U.S. ISM Manufacturing Purchasing Managers' Index (PMI) report comes out at 3:00 p.m. UTC. A higher-than-expected number may trigger a bearish correction in BTCUSD, while softer data may support Bitcoin. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

BTCUSD, 1-hour timeframe chart BTCUSD retested the resistance level of 97,000.00 👉Level explanation BTCUSD has been under buying pressure within the last couple of hours. The pair moved up to the resistance level of 97,000.00. 👉Possible scenario The best way to use this opportunity is to place a Sell order at 96,779.00. Set your stop loss at 98,662.24 above the previous high ($18.83 loss for 0.01 lot) and take profit at 94,467.30 ($23.11 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.23. The upcoming news will not influence your orders within the mentioned period. Some traders may close their positions on Friday, which can add more pressure to the market. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

‼️ Join Octa Analytics VIP Unlock premium signals, exclusive offers, and important events to boost your trading success. To become a member of Octa Analytics VIP, follow these easy steps: 1️⃣ Make sure you have $50 or more in your account. 2️⃣ Take a screenshot of your balance and send it along with your Octa real account ID to our @octa_vip_bot chatbot. 3️⃣ Await verification—usually, it’s completed within one business day. Ready to take your trading to the next level? Let us steer you toward success. The sooner you join, the more you’ll benefit from our elite trading community! 💯 Limited-time offer 💯 Don’t miss the opportunity to use the BONUSVIP100 promo code for a 100% deposit bonus!

🔹 2 January—Manufacturing PMI. Influences USD, EUR, GBP, AUD, CAD pairs. 🔹 6 January—Services & Composite PMI. Influences USD, EUR, GBP, AUD, CAD, JPY pairs. 🔹 7 January—EU Flash Estimate Inflation. 🔹 8 January—Australia CPI Inflation. 🔹 10 January—U.S. Employment Situation. 🔹 15 January—U.S. CPI Inflation. 🔹 15 January—U.K. Inflation. 🔹 16 January—U.K. GDP monthly estimate. 🔹 17 January—EU HICP Inflation. 🔹 20 January—U.S. Presidential inauguration. 🔹 21 January—Canada CPI Inflation. 🔹 22 January—New Zealand CPI Inflation. 🔹 24 January—BoJ Key rate, CPI inflation. 🔹 24 January—Flash PMI. Influences USD, EUR, JPY, AUD, GBP pairs. 🔹 29 January—US Key rate. 🔹 29 January—BoC Key rate. 🔹 29 January—Australia CPI Inflation. 🔹 30 January—ECB Key rate. 🔹 30 January—U.S. GDP. 🔹 30 January—EU Preliminary Flash Estimate GDP. 🔹 31 January—Canada GDP by Industry. 🔹 31 January—Tokyo CPI Inflation. #TradingCalendar

USDJPY, 15-minute timeframe chart USDJPY broke the resistance level of 156.980 👉Level explanation USDJPY has been under buying pressure within the last couple of hours. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 157.100. Set your stop loss at 156.650 below the previous low ($2.87 loss for 0.01 lot) and take profit at 157.550 ($2.87 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 Bullish trend in gold may continue further in 2025 Gold (XAU) rose during the last trading session of 2024, gaining 26% over the year. The rise was fueled by safe-haven demand and central banks' rate cuts. However, the market may become more cautious as the U.S. monetary policy may shift under the Donald Trump administration. 👉 Possible effects for traders Market participants are awaiting economic data that could impact interest rate expectations for 2025. These include U.S. economic indicators and the potential effects of Trump's tariff policies. Traders expect the Federal Reserve (Fed) to take a cautious approach to rate cuts in 2025 as inflation remains above the 2% target. According to the CME's FedWatch Tool, the market is pricing in an 11.2% chance of a U.S. rate cut in January, with an 88.8% chance of no change. Gold is expected to continue rising in 2025, supported by geopolitical uncertainty and a projected increase in U.S. government debt from the large fiscal deficit under Trump. Despite challenges, such as slower Fed rate cuts and a stronger U.S. dollar (USD), Kyle Rodda, financial market analyst at Capital.com, expects gold to maintain its bullish trend. Daan Struyven, commodities strategist at Goldman Sachs, forecasts gold could rise toward $3,000 due to stronger demand from central banks and a gradual increase in exchange-traded fund (ETF) holdings because of the Fed rate cuts. XAUUSD continued its bullish movement during Asian and early European trading hours. Market participants are awaiting the U.S. Initial Jobless Claims report at 1:30 p.m. UTC. A higher-than-expected reading will support the bullish trend, while a lower reading may trigger a correction in gold. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

📊 The euro finishes the year at its lowest mark The euro (EUR) traded bearish on Tuesday, finishing 2024 at its lowest point. Meanwhile, the U.S. dollar (USD) gained more than 6% last year as traders scaled back expectations for the magnitude of Federal Reserve (Fed) rate cuts in 2025. 👉 Possible effects for traders In December, members of the Federal Open Market Committee (FOMC) reduced their interest rate cut forecast for 2025. They projected 50 basis points (bps) of rate cuts instead of the previously expected 100 bps due to persistent inflation and signs of strength in the labour market. This decision was based on the expectation that the policies of President-elect Donald Trump—easing regulations, reducing taxes, increasing tariffs, and tightening immigration rules—would promote economic growth and inflation, keeping U.S. interest rates high. Furthermore, concerns about slower growth in other major economies and geopolitical uncertainty enhanced the appeal of safe-haven assets such as the U.S. dollar. EURUSD was under buying pressure during Asian and early European trading hours, trying to regain some previous losses. Today, traders will carefully monitor the U.S. Jobless Claims report at 1:30 p.m. UTC to better understand the current state of the U.S. labour market. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

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‼️ Join Octa Analytics VIP Unlock premium signals, exclusive offers, and important events to boost your trading success. To become a member of Octa Analytics VIP, follow these easy steps: 1️⃣ Make sure you have $50 or more in your account. 2️⃣ Take a screenshot of your balance and send it along with your Octa real account ID to our @octa_vip_bot chatbot. 3️⃣ Await verification—usually, it’s completed within one business day. Ready to take your trading to the next level? Let us steer you toward success. The sooner you join, the more you’ll benefit from our elite trading community! 💯 Limited-time offer 💯 Don’t miss the opportunity to use the BONUSVIP100 promo code for a 100% deposit bonus!

New Year—new opportunities with Octa! As 2024 draws to a close, it's the perfect time to reflect, reset, and prepare for the opportunities ahead. Much like the New Year, trading is about having a vision, staying prepared, and taking action when it counts. Whether you're celebrating your wins or planning your next moves, Octa is here to support your journey. Let's inspire each other: 💬 What's your trading resolution for 2025? Share your goals, tips, or favourite trading moments in the comments! 📸 Tag us in your posts with #OctaNewYearTrading and show us how you're preparing to achieve trading success this year. Visit our website for more trading insights and step into the new year confidently with Octa. Let's make 2025 your best trading year yet! #NewYearTrading #OctaBroker #PositiveMindset #ProfitableTrades #ForexTrading

XAUUSD, 15-minute timeframe chart XAUUSD retested the support level of 2,606.00 👉General outlook XAUUSD has been trading in a bearish trend within the last day. The pair moved down to the support level of 2,606.00. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 2,606.50. Set your stop loss at 2,596.00 below the previous low ($10.50 loss for 0.01 lot) and take profit at 2,617.00 ($10.50 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. The upcoming news will not influence your orders within the mentioned period. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH

GBPUSD, 15-minute timeframe chart GBPUSD formed a bullish Pennant pattern 👉General outlook GBPUSD has been trading in a bullish trend within the last day. Now, the price displays the Pennant pattern. 👉Possible scenario The best way to use this opportunity is to place a Buy order at 1.25851. Set your stop loss at 1.25703 below the previous low ($1.48 loss for 0.01 lot) and take profit at 1.26153 ($3.02 profit for 0.01 lot). The risk-reward ratio for this order is 1:2.04. The upcoming news will not influence your orders within the mentioned period. 📲 More trading opportunities in our app If the link doesn’t work, try a special one for your country: 🇮🇩ID 🇮🇳IN 🇵🇰PK 🇹🇭TH